Archive for January, 2008
Saavas, keep your chin up!
31 January 2008I see that our friend, Eric Rosenfeld, has put out a release advising that his fund Crescendo Partners has tripped the 10% ownership threshold at Dalsa (DSA:TSX). Welcome to the world of activist investing, Dr. Chamberlain.
As a potential takeover target someday (see prior post “Takeovers to come“, April 15-07), Mr. Rosenfeld may be right [...]
Race-based schools
31 January 2008News items:
Toronto board votes 11-9 [to create an Africentric school] after meeting filled with passionate pleas and dire warnings
- and -
The day after trustees voted to establish what is being called the country’s first Africentric alternative school – expected to open in September 2009 – Gerry Connelly said if a lot of parents want [...]
Canaccord on Intrinsyc’s big Samsung win
31 January 2008This is excerpted from Canaccord Capital’s Morning Coffee note regarding Fund II portfolio co. Intrinsyc Software (ICS:TSX):
Intrinsyc Software (ICS : TSX : $1.15), Net Change: 0.21, % Change: 22.34%, Volume: 3,825,880
In 1999, throwing down the name Samsung would have been worth 3-4 bucks easy…Intrinsyc announced that Samsung Semiconductor System LSI Division has signed a licensing [...]
Genuity initiates on Bridgewater Systems
29 January 2008Canada’s top-ranked tech analyst, David Hodgson, came out with buy on Bridgewater (BWC:TSX) today. Target of $6.50 versus a $5.50 December IPO price. Stock’s at $4 today.
“We are initiating coverage on Bridgewater with a BUY recommendation and a $6.50 price target. This represents 15x our F2009 EPS estimate and 12x EV/EBITDA based on [...]
Jerry Zucker can keep a secret
28 January 2008I catch the subway at the Bloor station each morning, and not a day goes by that I don’t ask myself: “what is Jerry Zucker up to?”
It’s been almost a year since the federal ministries of Industry and Canadian Heritage approved the acquisition of The Hudson’s Bay Company by Maple Leaf Heritage Investments Acquisition Corp., [...]